Raleigh's Carolina Cafe, Endless Grind Close After 30 and 40 Years as 62% Cut Dining Out
Updated
Updated · WTVD-TV · Aug 7
Raleigh's Carolina Cafe, Endless Grind Close After 30 and 40 Years as 62% Cut Dining Out
3 articles · Updated · WTVD-TV · Aug 7
Summary
Two longtime Raleigh businesses said this week they are shutting down: Carolina Cafe will end its 30-year run this month, while Endless Grind, a 40-year fixture in the skating community, will move online.
A 62% consumer pullback in dining out is squeezing small operators as households prioritize necessities, adding to pressure from a weakening national labor market.
July's jobs report showed the U.S. lost 23,000 jobs, with leisure and hospitality posting a second straight month of notable declines, according to a local economist.
Wolf and Porter owner Richie Reno said he is chasing new revenue by renting out his patio event space for about $5,000 and holding weekly strategy meetings to draw more customers.
The Triangle may still weather the downturn better than some regions because of its skilled workforce and modest recent tech-sector job gains, economist Gerald Cohen said.